About this Show

Cavuto on Business

News/Business. Neil Cavuto and market analysts discuss financial issues and forecasts. (CC)

NETWORK

DURATION
00:30:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Virtual Ch. 130 (Fox Business)

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

Us 5, Washington 3, Ben Stein 3, Charles Payne 2, Adam 2, Charlie 2, Ford 1, Mr. Reagan 1, United Health Care 1, Aar 1, Brent Musburger 1, D.c. Oscar 1, Payne 1, Dagen Mcdowell 1, Adam Lashinsky 1, Charlie Gasperino 1, Brenda 1, Mr. Nixon 1, Ben 1, Neil 1,
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  FOX Business    Cavuto on Business    News/Business. Neil Cavuto and market  
   analysts discuss financial issues and forecasts. (CC)  

    January 13, 2013
    8:30 - 8:59am EST  

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>> predictions. >> i like aar. a nice alternative to boeing and trading at a pretty low p.e. >> brenda: gary b. bull or bear on that. >> i do not like it at all. >> brenda: tobin predictions. >> united health care winner 20% end of the year. >> brenda: stephan, bull or bear. >> bear. >> brenda: gary b, your prediction. >> like ford, hiring like crazy and think the stock is going to take off up 50%. >> brenda: jonas bull or bear. >> bear.
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>> brenda: your prediction. >> i was watching videos of the driverless cars going through things and japanese find the cracken, good for the japanese stock market. toby, bull or bear. >> the only squid that bleeds red ink, jonas, okay. >> brenda: neil, you're next. >> neil: well, if d.c.'s money watch dog gets it, and this gal gets it, then why can't lawmakers just get with it? how everyone, i'm neil cavuto and call her the money honey. who would have thought that honey boo boo would have phenomenal advice for washington. do you know her mom is stashing away all of her kids cash in an untouchae trust fund until they turn 21. now from the honey to the hills, where the cbo is hearing a lot of oh no's on the way to the latest spending plan to cut spending which isn't cutting anything. reduced spending for nonagencies, annually and you could save 932 billion dollars
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over ten years. that's slicing 1% off the planned growth. slash the growth in funding for the department of defense, and the cbo says that 1% will 862 billion in savings and the earliest eligibility age, raise, 15 years out, and guess what looking at another 144 billion in savings there. nearly 2 trillion dollars in savings from just those three items i mentioned. there are dozens more, total of 4.6 trillion dollars in potential savings, if washington would just quit stalling and start cutting. and maybe we could be looking the at a d.c. oscar winner. honey boo boo, i shrunk the debt. honey boo boo, i shrunk the debt. >> i got it. >> neil: anyway, charles payne, dagen mcdowell, along with adam lashinsky, look who is back, charlie gasperino.
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charles payne, these were numbers, part of a menu put out by the cbo among such of options, all relatively painless. >> relative, some just kind of common sense, medicare, and age eligibility, 100 billion and how about curtailing the medical malpractice lawsuits, 60 billion dollars. the numbers are mind-boggling. >> neil: not a single program is cut. we're talking about shaving their growth, in most cases by 1% a year, so they're going up at a 7% clip. 6%. >> it did slow down a little bit. yes. listen, this cells this, these guys go to d.c. overwhelmingly, they go there become ultimately corrupt somehow and the only mention to loot the joint and that's crazy, when the cbo comes out with something that they can use, all of a sudden it's the bipartisan backs me up on this and comes out with something they can't use. >> neil: all of a sudden they became like the zagat survey.
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>> and i love that you're talking about honey boo boo. >> that's one weird-- >> weird how? her mother is extreme coupons. >> is newscorp interested in her or no? go ahead. >> no, her mom is an extreme couponer, and she can do math. she knows how to save money. she's got paper towels stacked from floor to ceiling. >> who doesn't. >> you know what? that's the kind of attitude. well, that's the kind of attitude we need down in washington. people who are-- know how to pinch pennies, who know how to save money, but i'd argue those folks in d.c. won't do it until the american people truly agitate for it. and when you talk about cutting, in social security and raising the retirement age and talking about making tweaks to entitlement programs, most people in this country go bananas, and that's why-- >> and same in congress, right, charles?
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>> although, i think this debate is a huge distraction. it's nice that they came out with savings and we can raise this, do that and this little girl we're talking about here. >> by the way, we're leading with this. >> and, but the exercise, this is an exercise in futility, as was that ridiculous fiscal cliff, the real problem the country has is economic growth. we're not putting people to work, we're cutting stuff when i think we should be stimulating and stimulating through the tax code and i mean, there's an absurd notion if you tax people making $400,000 a year and. >> neil: you're not following the script. you opened with a relatively easing savings. >> and save stuff by-- >> and what do you think about this. >> if it were that easy it would have been done already and these congress people are not as stupid as you think, although mr. nixon did once say that most congressmen are not fit to be dog catchers, but-- dog catchers pretty sad job.
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>> it's not as easy as you think or else it would have been done and also the-- >> i disagree, ben, because it is easy, but, obvisly, each party clings to its more dog mattic starts and making it impossible to be rational. >> it's simple, but not easy. the tragic part of this is even with the savings, the deficit and accumulative federal debt-- instead of an act of heroism such as never has been seen on capitol hill before. >> neil: that part you're right. adam. >> i would state this differently. the cbo is playing math games, that's fine. cut 1%, this is what you get. what they're not playing is political games. i completely disagree with what charles said. these people are inherently as a group corrupt. i don't think that's fair. if you want to say they're not doing their jobs well, not making the tough political
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decisions, that's different from correct. and dagen hit the nail on the head. we support them inhese things. we don't want them to cut these programs. we, the people. that's the political problem. >> although, adam, in the election process, we are-- they do make several promises to do the right thing. and when they go there, whether they are hepressu're pr us, they don't do the right thing and hence the corruption. >> maybe my definition of corrupt-- that doesn't describe law breaking, things punishable by going to prison so he we may be talking past each other on this. it's difficult to define, charles, what the right thing is. >> the right thing, the right thing? >> should they cut medicare? >> are you serious? we've got-- yes, cut it all. cut it all. i think ben stein, the courage, the political courage to do the right thing. we all know the right thing. >> the american people don't
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want these programs cut. >> so what? so what? we all know the right thing. here is the problem. everybody wants to keep their little kitty, their part, cut the other guy's part. it's never going to work that way. >> i agree with that. >> neil: let's say we keep going the way we're going where we don't really address spending, we came off the cliff deal, 40-1 and that probably is, i think, a precursor to what we're going to see. then wha how do you get a boom out of that. >> what makes this scary, we're destimulating the economy as these programs-- >> i know, how do you get out of that. >> you've got to get the right people in government. and anybody who thinks that raising taxes on anybody making $400,000 a year is going to do anything for the deficit and-- >> i'll disagree with you, too, here. >> and you think it's stimulative to raise taxes right now. >> no, we're having a housing recovery. we're having an auto recovery,
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and-- >> one side going on-- >> adam. when you go from 1 to 2 that's a big increase. >> charlie, with a due respect, there is no data, reputable study showing that raising taxes on rich people. >> 1980, 1980. >> from '82 to '88. and -- from '82 to '88, every year, mr. reagan raised taxes, and after that-- >> a tax cut which took that rate dramatically. >> all right, guys, guys, guys, calm down. this is cable here, okay? dagen, do you get a sense that just this conversation illustrates that it's goingo be next to impossible to cobble together a deal that remotely addresses this problem? >> yes. >> neil: so then what happens, is it pushed off to the mid terms? ask pushed off to the next president? you know what i mean? 4 billion dollars a day add
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today this turkey, time of a-waia a-wastein'. >> we dealt, but we didn't deal with the sequester. the automatic spending cuts, that's emblematic what's in store for this company. the only thing that fixes it, when longer term interest rates sky rockets, and we raise taxes to the point that the economy is no longer growing and they will try both. trying to get the fed buying the debt and then, then-- >> i don't know with a bugs me more, this exchange, i've got a new ifb and it's not fitting right. enough about me, i have to carry on. and meanwhile, forget about mardi gras, the tax cutting party in the bayou state. louisiana governor want to get rid of the state income and corporate tax and slightly higher sales tax and the gang
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from forbes says his party should go national. and that's at the top of the hour. and afraid of your boss now? what if you get the flu? well, if more workers are scared sick of calling out sick, will that have the economy feeling really sick? the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card
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latest headlines, log on to foxnews.com. . >> neil: all right, these aren't jobs from the movie outbreak.
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a triage unit at a pennsylvania hospital, more are going up for treating the latest flu cases and it's not just hospitals across america that are feeling rundown. so is the american workplace and now workers are afraid to call in sick out of fear of losing their jobs, so that could be making that flu outbreak worse. >> absolutely. unemployment still at 7.8% and i think that managers in companies far and wide do enough to tell people to stay at home. but i think that fear is right and just. people are in deep, deep fear of getting fired. and so-- >> but they're afraid of guys like adam, taking an inch and running a mile. (laughter) >> sniffles and out of work for two weeks and mailing it in. and we obviously got to do something about that. but it's a real probable fear out there? adam? >> is it a real fear of losing your -- yeah, of course. and the sad thing.
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>> neil: join in on the show anytime you want, adam. it's okay. >> i'm in california, give me a break. >> neil: and i'm kidding, love you to death. go ahead. >> the real fear is for people who make money by the hour, and if they get sick, and it's an economic tragedy. employers are doing a disservice having sick people in the office, that's going to get other people sick, obviously. >> neil: ben stein, what is it like out where you are? is it building into something where, all right, the state officials are saying, all right, we've got a problem on our hands and we're going to start telling employers to tell their folks, stay at home. >> i'm in washington d.c. today. out where i am isn't that far away. i will tell you something about how scared people are, st night i was watching skyfall, the new james bond movie, for the 10th time great movie and one woman started coughing and everybody in the theater moved away from her.
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it's a vicious flu and people should not be going to work and spreading it, it's extremely socially irresponsible. >> neil: charles payne. >> we've come a long way from take this job and shove it. there's aoke at my company that you have to quit or be fired to take a day off. so. >> what? >> and what a warm an fuzzy establishment you've got. (laughter) because-- >> if one of your employe is the one who sneezed on me the last couple of days. >> he wouldn't have because he would have been at work. >> and do you enforce that policy you have to be there dead. >> no, no, listen, if you're sick, you're sick. >> neil: you say that, but you're just like, okay, i see jones isn't here. >> i don't ask for doctor's notes, but you do have to be sick. >> neil: yes, you do-- >> he sound like you're-- >> i look to see the margin of error on the survey. i mean, listen, we're generally a nation of wimps
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and whiners and complainers and-- >> this is the flu. >> it strikes me that people, they would sue if they he got fired over taking a day off. i mean, this is a nation where people sue you for anything. >> neil: and any credence to people who are too nervous about their stability at work if they don't go in? >> i don't think so. most employers know if you take off for having the flu. >> neil: they're not going to say-- >> charles will find any one of a myriad of excuses. >> and t sick files and-- >> my dad was in construction and he had pneumonia and-- >> and what is the bubonic plague thing? >> and have a bowl of soup. >> i'm sick right here and i'm on. >> and that's to say-- >> i don't think that we're a nation of wimps. i think that we work through pain and that's one of the
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reasons that people do go to work because they like working 'cause they hate their spouses and don't want to stay at home. >> neil: my god! >> oh, my god. >> i'm going to take a break. >> that's an excuse. >> did that go where you wanted it to. >> no, two up, two down. >> well, taking up-- you may have not had a pile of supplies, this is a problem. a new regulation hitting this year expected to create a lot shortage this year. so, get ready for maybe a lot fewer flights, a lot higher fares and not a single pilot in sight. look like this? [ male announcer ] where do you turn for legal matters?
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>> well, you think the grounding of the boeing dreamliners was the real nightmare for travelers this week, you might want to think again. there's a new report showing a pilot shortage is about to take flight due to new government regulations and a lot more pilots approaching retirement, they have to go and there are fewer people behind them. and this coming amid a very busy airline season and already been hiking fares, charles, not a great combo. >> anytime the news headlines out of the airlines is not great news for travelers. means higher fees. >> neil: unless you have a flu outbreak on a plane. >> higher fees. and they nickel and dime you. we've gone over it, the whole
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nickel and dime aspect. park a bunch of planes, higher fees. cram in the chairs, higher fees, it's awful, but it is what it is, but means that everyone watching the show be prepared to pay higher fees. >> neil: is that the case? >> absolutely, but suck it up. it's not public transportation, it's the airline's business. >> and there's a heartless streak in you. >> she's right on this one. >> the remaining airlines that we have left to stay healthy. >> neil: you make boo boo to look like the pope. >> raise fares and i want planes to be less full. >> neil: and pilots. >> we will have pilots if the airlines are healthy they will be able to pay them a nice salary and be a profession that people want to enter in the coming years. >> neil: right now, gasperino, they don't want to answer. >> is there an american business that you admire, an american -- you beat up on-- beat up on banks, hate green energy, you hate the airlines.
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>> neil: i hate you. i hate you. >> you hate the energy, too, charlie. >> and decided to throw that in for effect. >> and your buddy on wall street's pockets. >> yes, the-- >> right here. (laughter) >> you are of the banking. >> and the airlines, and the government. an expensive business. >> neil: just like dagen, just like dagen. adam. what say you. >> checking accounts-- >> i'm not with dagen on this on the go to work to avoid our spouses thing. she's right. >> neil: she was wrong on that, we avoid our in-laws, there is a difference. (laughter) >> i've spoken to pilots, it's become aorrible provision and they need to make more money and we need to raise faeshgs nothing wrores. >> if you raise the fares, can i have a blanket, a billopillow
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can i have some grub and-- >> bring your own blanket. >> and that's what i do. >> ben stein. >> there's a sort of an easy way to test what's going on. how big are the profits of the airlines, we know they're small or nil so they're not overcharging us at all. the stock holders are basically giving us a gift by letting us fly on these airplanes. >> and they're all-- >> the whole thing started with deregulation, you know, they never should have deregulated. should have been regulated and should be set to always make money and always pay the pilots a very excellent wage. >> neil: i want to thank charlie and dagen. and this girl, apparently brent musburger
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